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Analysis: Take Two financials

50°
359w ago - Take-Two reported a relatively weak quarter, posting a loss in the holiday quarter for the third consecutive year.

While new management is not to blame for the poor results, we think the weak performance reflects the extent of the turnaround required to restore the company to profitability.
Take-Two's bottom line results were slightly better than we expected, with lower than expected R&D and marketing expenses accounting for most of the EPS upside.

On the top line, revenues were higher than expected due to significant contribution from the company's distribution business. The company's margins were slightly lower than we expected due to a higher mix of distribution revenues.

We think that it is important to point out that U.S. industry software sales have grown by over 58% from the November 2005 - January 2006 period through the November 2007 - January 2008 period, while Take-Two's publishing revenues have declined by almost 23%.

This is clearly a company that is losing market share, and as we review the lineup for the balance of 2008 and 2009, we see more of the same type of games we have seen over the last three years. The company's sports lineup continues to underperform, generating only $32 million of sales (26% of publishing revenues) for the key holiday...
 

How Do You Feel About There Being No GTA IV Episodic Content for PS3?

650°
359w ago - How do you feel about the PlayStation 3 version of Grand Theft Auto IV not receiving the downloadable content that the Xbox 360 will be receiving?

Microsoft previously mentioned the two downloadable episodic content they payed Rockstar $50 million to receive will equal the size of Grand Theft Auto: Vice City and San Andreas.

A recent preview in the latest issue (April 2008) of PlayStation:

The Official Magazine stated that Rockstar's Jeronimo Barrera said the PlayStation 3 will most likely receive it's own form of downloadable content as well. However, a new Take-Two release states that the Xbox 360 will be receiving it's downloadable content in 2008, and they plan on issuing more content for (most likely) both consoles in 2009. That means the PlayStation 3 will never see those San Andreas and Vice City sized pieces of episodic content.

If you would like to know how I feel, I'll tell you. I'm not just a blogger, I'm a proud PlayStation 3 owner as well, and will be picking up Grand Theft Auto IV for PlayStation 3 no matter what. Seeing as how San Andreas and Vice City went to Xbox, I see that it's only right Rockstar does the same with these two new pieces of episodic content (possibly Bully as well). So I guess as we near the release of Grand Theft Auto IV, you can take it that...
 

MotorStorm 2 teaser trailer out!

550°
359w ago - IGN has posted the trailer for MotorStorm 2 a little early. The trailer, however, is only a CGI target render. The game will feature a four-player split-screen mode, alongside online play for up to 16 players.

To quote: Sony has officially silenced rumor mouths too, revealing that monster trucks are a definite addition to the vehicle roster, offering an excessively muscular new challenge for players looking to crush their way through the field - and over opponents.

Speaking of which, MotorStorm 2 will indeed feature a four-player split-screen mode, alongside online play for up to 16 players.

Press Release

MotorStormâ„¢ returns this autumn on PLAYSTATION®3: Prepare for the next instalment of the world's most brutal off-road racing festival

o A brand new location: experience the grandeur, diversity and unpredictability of a remote Pacific island
o 16 new diverse multi-route tracks hosting MotorStorm's unique mixture of vehicles
o The aggressive monster truck now joins your garage
o Split-Screen Multiplayer racing - compete with up to four buddies on the same screen

It's the best selling PLAYSTATION®3 (PS3â„¢)...
 

New top-down shooter for PSN: Novastrike

100°
359w ago - Tiki Games Inc, the team responsible for the real time strategy game Galaxy's End on PSP, are developing a new PSN title for the PS3 called Novastrike.

Novastrike is a top-down arcade shooter in which the player takes control of a prototype advanced Scythe fighter and combats invading aliens over various planetary surfaces. The game is set for release in the second quarter of 2008.





Press Release

Tiki Games Inc, the team responsible for the real time strategy game Galaxy's End on PSP, are developing a new title for PS3 to be released via PSN. Novastrike is an arcade style shooter set for release in the second quarter of 2008.

NOVASTRIKE is a top-down arcade shooter in which the player takes control of a prototype advanced Scythe fighter and combats invading aliens over various planetary surfaces. The player fights both air and ground opponents ranging from enemy fighters to capital ships and ultimately an end-Boss. As the player progresses the Scythe unlocks its full potential through upgrading its weapon systems and overall capabilities.

Features include:

Seven expansive challenging stages driven by objective-based goals
Free-roaming flight: there aren't any rails here allowing flight in any...
 

Tekken: Dark Resurrection Getting Free Update

200°
359w ago - Bandai Namco Games announced today a free update adds new modes and gameplay fixes for the Japanese version of Tekken 5 Dark Resurrection Online. It includes Dual Shock 3 rumble support and a Pickup Match Mode.

Japanese owners will get the update when they start up the game on March 18th at 1pm, there are no details of an international version yet, but is expected around the same time.

Here's a list of major changes:

* Pickup Match Mode: a mode where you continually face off in one-on-one matches without having to got through a matching room. You can set conditions to search for an opponent, then battle the same opponent repeatedly, or have the computer search for new opponents following each match.

* Dual Shock 3 rumble support

* You can now create and display names for rooms

* Adjustments to allotment of points when winning and losing battles

* "Flag" option added to room creation and searching, allowing you to create and search for rooms that have been flagged with specific conditions

* Players who are waiting for their turn to fight will be alerted via sound effects and rumble when the time has come.

* When Rank Match has been set to off, your win/loss is no longer recorded and you do not earn battle points.
 
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